STMicroelectronics N.V. (STM) Tops Q3 EPS by 4c

STMicroelectronics N.V. (NYSE: STM) reported Q3 EPS of $0.41, $0.04 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.52 billion versus the consensus estimate of $2.5 billion.

Outlook

The Company's guidance for the 2018 fourth quarter is:

• Net revenues are expected to increase about 5.7% sequentially, plus or minus 350 basis points;
• Gross margin of about 39.8%, plus or minus 200 basis points;
• This outlook is based on an assumed effective currency exchange rate of approximately $1.18 = €1.00 for the 2018 fourth quarter and includes the impact of existing hedging contracts.
• The fourth quarter will close on December 31, 2018.

For earnings history and earnings-related data on STMicroelectronics N.V. (STM) click here.

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